Liking the setup for M7T,with the price action testing the 200 day moving average at $0.2075. With the short and medium term MA lines likely to turn positive in the next couple of days, this is supportive of a push through the 200 day and a large move higher in the short term.
Liking the fact that the MACD is positive and heading to the 0 control line. Once it clears this, it's supportive of a longer term move higher. RSI is yet to move in to 'over bought' territory, which tells me this run has more to play out.
Interesting to see the large volume on market today and yesterday, it looks as though that substantial holder that has been selling on market over the last few months may finally be done.
Iam expecting that once the 200 day is cleared, the door will be open for a move back to the 28c + region in the short term.
Close to breakout
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 (20min delay)
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Last
70.0¢ |
Change
0.010(1.45%) |
Mkt cap ! $168.8M | |||
| Open | High | Low | Value | Volume |
| 69.0¢ | 70.0¢ | 68.5¢ | $69.39K | 99.91K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 86529 | 68.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 70.0¢ | 17959 | 2 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
68.5¢ |
Change
0.010 ( 1.44 %) |
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| Open | High | Low | Volume | ||
| 68.5¢ | 70.0¢ | 68.5¢ | 37116 | ||
| Last updated 14.57pm 10/05/2024 ? | |||||
| M7T (ASX) Chart |